Trading Places: Alex Waislitz’s Thorney Opportunities chipped in to these ASX stocks
Link copied to
If you to know where fund managers and famous investors are putting their money, we’ve been keeping track of substantial holder buys (and sells).
Trading Places is Stockhead’s recap of the substantial holder movements among ASX small caps over the last fortnight.
Substantial shareholders are those holding 5 per cent or more of a company’s shares — these can be directors, individual investors, or institutional investors.
Shareholders are required to announce to the exchange when they cross above or below the 5 per cent threshold, as well as any change in their holdings while they remain above 5 per cent.
Waislitz is a well known investor, being in the game for nearly 30 years. He is also vice president of Collingwood Football Club and was married to and Heloise Pratt – the daughter of Visy founder Richard.
Thorney’s three substantial holder moves in the last fortnight were into diarrhoea fighter Anatara Lifesciences (ASX:ANR), airport transfer market place Jayride (ASX:JAY) and WA cannabis play Little Green Pharma (ASX:LGP).
Resources investor Tolga Kumova took an 8.8 per cent stake in Maximus Resources (ASX:MXR) for a flat $1m sum. Maximus is focused on the WA gold fields with a project very close to Ramelius Resources (ASX:RMS) Wattle Dam project.
Speaking of the States, one US firm that’s come out here – child tracking app Life360 (ASX:360) – received investments from Regal Funds Management and Perennial Value Management. The pair own approximately 15 per cent between them.
For Micro-X shareholders, 2020 will be undoubtadly be best remembered for winning FDA approval in July but earlier this week it won a contract to from the Department of Homeland Security to conceive a better airport security screening solution.
British biotech giant sold out of small cap Pharmaxis (ASX:PXS) after just over two years of owning shares.